Can anybody give me ratio in the case of partnership firm for asst year 2010-11 I really need..........
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Ratio of Remuneration in the case of Partnership firm
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Monetary ceiling limit has been revised for both Professionals/non professionals which is given as under:
Book Profit Amount deductible in respect of remuneration.
If book profit is negative Rs.150000
On first Rs.300000 Rs.150000 or 90% of book profit, Whichever is more.
On Balance 60% of book profit.
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